Question to the HM Treasury:
To ask the Chancellor of the Exchequer, further to his recent announcement that the Job Retention Bonus will be replaced by a retention incentive, when he plans to publish further information on that retention incentive.
The objective of the Job Retention Bonus (JRB) was to incentivise employers to retain employees between November and the end of January through a £1,000 bonus paid to the employer. Having extended the CJRS to the end of March 2021, the objective of the JRB falls away. The Government will set out details of how a revised retention incentive will work in due course.